With new tariffs being imposed, the market is expecting a weaker dollar by the FED in negating some of the repercussion from the trade war. We are currently at the 1 year low. The next support is at 106.17. Shall wait for a retracement to short. Watch 107.3 closely, a fail break up would indicate a shorting opportunity.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.